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Where can I see the SEC rule 606 reports for registered B/D?
- Thread starter ronin266
- Start date
http://www.valic.com/SEC-Rule-606_82_17837.html
SEC Rule 606 (formerly Rule 11Ac1-6)
SEC Rule 606 ("Rule") requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which customer orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer's relationship with such venues. In addition, the Rule requires broker-dealers to disclose, on customer request, the venues to which the customer's individual orders were routed.
In addition, broker-dealers must respond to customer requests for individual information on customer orders that were routed for execution in the six months prior to the request, whether the orders were directed or non-directed, and the time of the transactions, if any, that resulted from such orders.
Quarterly report as of 03/31/12
SEC Rule 606 (formerly Rule 11Ac1-6)
SEC Rule 606 ("Rule") requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which customer orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer's relationship with such venues. In addition, the Rule requires broker-dealers to disclose, on customer request, the venues to which the customer's individual orders were routed.
In addition, broker-dealers must respond to customer requests for individual information on customer orders that were routed for execution in the six months prior to the request, whether the orders were directed or non-directed, and the time of the transactions, if any, that resulted from such orders.
Quarterly report as of 03/31/12
Lol I know what it is, I wanna know where to find it for another brokers, not Valic lol
Quote from zdreg:
http://www.valic.com/SEC-Rule-606_82_17837.html
SEC Rule 606 (formerly Rule 11Ac1-6)
SEC Rule 606 ("Rule") requires all broker-dealers that route orders in equity and option securities to make available quarterly reports that present a general overview of their routing practices. The reports must identify the significant venues to which customer orders were routed for execution during the applicable quarter and disclose the material aspects of the broker-dealer's relationship with such venues. In addition, the Rule requires broker-dealers to disclose, on customer request, the venues to which the customer's individual orders were routed.
In addition, broker-dealers must respond to customer requests for individual information on customer orders that were routed for execution in the six months prior to the request, whether the orders were directed or non-directed, and the time of the transactions, if any, that resulted from such orders.
Quarterly report as of 03/31/12
Quote from ronin266:
LOL ok, try to find the report of BT, HB, WTS or Echo, there is nothing there
We clear with Goldman, and here is GS:
http://www.goldmansachs.com/compliance/Rule606/
All orders to to GS, then to market centers. And, since we don't "internalize or sell order flow" we are exempt from all this. We can choose the destinations of course, but still through GS.
You can also search Thomson:
http://www.tta.thomson.com/reports/
And/or go to your specific Clearing Firm.
Don
You are confused about what the report is. It is intended for a retail BD who routes your orders to market making firms in exchange for payment (payment for order flow). The vast majority of proprietary trading firms that use direct market access allow the traders to choose this and thus would be exempt since this does not apply.
Quote from ronin266:
LOL ok, try to find the report of BT, HB, WTS or Echo, there is nothing there
Quote from gtgtgt3:
You are confused about what the report is. It is intended for a retail BD who routes your orders to market making firms in exchange for payment (payment for order flow). The vast majority of proprietary trading firms that use direct market access allow the traders to choose this and thus would be exempt since this does not apply.
That's pretty much what I was told by my Compliance as well. I'm sorry it took a day or so for me to double check all this.
Don
Quote from Don Bright:
That's pretty much what I was told by my Compliance as well. I'm sorry it took a day or so for me to double check all this.
Don
If your firm doesn't have any customer accounts then you would have fewer than 501 customer orders each month so would be exempt from the rule.